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FB: Buy zone is 205-210FB just completed a 5-wave move off the low. This is a good sign that the stock has indeed bottomed. What comes next is the W-2 pullback. The standard fibonacci retracement targets for a pullback are .5 and .618, which translates to a buy zone of 205-210. There are also bearish divergences in MACD and RSI, indicating that the uptrend is exhausted. I do not own shares of FB, but if I did, I would be selling covered calls against my shares to protect my downside over the next week or so. FB should reach about the $300-$350 region this year.
$FB continue down trend$FB continues to down trend after the disappointing earning, backlash from the whistle blower, and continued pressure by the congress about the privacy.
with the overall market continue to trends down, there's highly likely that $FB will get dragged by it. i think in my personal opinion FB will be a dip buying
opportunity for long term. I think the metaverse will save Facebook 5-10 years from now when it fully lunched. but that future is still a bit far for now.
specially with US economy facing inflation or already are, plus the possible war with two countries Ukraine and Russia where US trying to get involve.
things might get complicated from here.
Day trade or scalp target play: 02/22/22
Buy call above 209.05 sell at 211.05 or 212.95
Buy puts below 203.98 sell at 201.98
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FB IdeaG'day Guys..
Today we going to analyse Facebook.
In hourly perspective, FB most likely creating a downside movement to complete the price structure.
This mean, we expecting downside movement before possible to bounce back continuing the uptrend journey targeting on previous high area as marked on the chart.
We considering this stock stable stock, but yeah stock can be sudden fluctuated based on investor sentiment.
For now, we expecting creating a downside movement.
Let's see what happen next.. cheers.
Possible Head & Shoulders Pattern forming on FB and Amazon.Possible head and shoulders pattern on FB & Amazon - its not confirmed on both.
The ideal setup is that both decrease in value below the "neckline" marked in blue/red in each respective chart.
Although not guaranteed the price can then increase in value, coming back up to the neckline, where we see a rejection and continuation of the downwards breakout this is the confirmation area of the pattern, in extremely volatile markets we may not see a confirmation on the larger timeframes.
🇫🇧 FB SHORT 🇫🇧Support Trend Line that held FB on it's bullish run since mid-march has been broken yesterday due to the Anti-Trust news/rumors sell off. Look to enter a half position on FB 9/25 PUTS if FB fail to hold over 255-256 or if it can't break and hold over 261-262.
PT @251-252 and 247.5-249
Ideal PT @241.5-242.25
Conservative SL @260.5-261
Max SL @264.10
Consider to pick up calls above 263-265 as I can see FB retesting 272-273 if we can hold above those levels.
Facebook Losing Bull Traction? Channel Spotted..The current upward channel has been good signs for you bullish bag holders as we did break higher overall.
We need to keep in mind of were we currently sit on the upward channel though.
3 previous touches on this level of Resistance signaled selloffs to occur.
The green horizontal line is previous breakout for a new high, we yet to retest that price.
No way that I'm looking to long here too risky, I would like to see a pullback.
Best of luck.
FB Group SignalI called out FB Puts on Nuly 1st in the group chat when everyone was thinking Stonks only go up, but say FB has 3 consecutive green days, and knew it will have to come back down soon, because thats logical, I called puts at about 238 the target for it is still 222.26 because there is also a gap that has to be filled.
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Sad story for the frequent trader $FB$FB has room to volume with Friday performance along with the rest of last week’s. The name is getting weaker and weaker as it continues to make no changes to its platform to support a movement. Turn advertisers away from the platform to something like $TTD, $ROKU and others.